Saturday 25 June 2016
 
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BP

BP approves investment in Egypt gas field 15 months after discovery

British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery.   BP, which declined to give an inves

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BP eyes investment in Iran oilfields

British-based oil and gas company BP is keen to invest in the development of certain Iranian oil fields, Iran Daily has quoted the country’s deputy oil minister as saying. Negotiations are underway with BP for coope

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BP makes new gas discovery in Egypt field

BP Egypt has announced an important gas discovery in the Baltim South Development Lease in the East Nile Delta. The Baltim SW-1 exploration well, drilled in water depth of 25 metres by operator IEOC (Eni), reached a total depth of

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World oil reserves stable despite drop in investment: BP

The world's oil reserves were unchanged in 2015 despite a sharp drop in investment and exploration after the collapse in crude prices, BP said in its benchmark industry report.   Proven oil and gas reserves t

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BP, Eni announce new gas discovery off Egyptian coast

Energy majors BP and Eni announced a significant natural gas discovery off the Egyptian coast.  The discovery is in the Baltim southwest exploration prospect in the East Nile Delta.   It is 10 k

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BP, Shell among bidders to run Qatar oil field

Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters. The other bidders are the field's current ope

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BP sells part of its stake in Castrol India

Oil major BP sold part of the stake its unit Castrol holds in Castrol India, but said it would remain a majority shareholder in the company. The company said it sold an 11.5 percent stake in the Indian lubricants maker to a range

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BP investors reject CEO’s $20m pay deal

BP's shareholders have voted against chief executive Bob Dudley's $20 million pay deal for 2015, a rare investor revolt for such a major company, after it recorded a record annual loss.   Some 59 per cent

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BP, Statoil to withdraw staff from Algerian plants

BP and Norway's Statoil will withdraw staff from two gas plants in Algeria after an attack by militants on one of the sites in the North African country, the companies said on Monday. Militants attacked the In Salah gas plant,

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BP Oman begins appraisal of Amin reservoir

BP Oman has started appraisal work of the Amin reservoir in the northern area of its Block 61 license in central Oman, which could equate energy producing volumes to around half of the Sultanate's current combined gas output by 2020, accor

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